April 13, 2010

BusinessWire: Scottsdale, Ariz., April 13, 2010 – Lexcel Solutions, Inc., the leading provider of business virtualization software and services for the payment technology industry, announced at the Electronic Transactions Association Annual Meeting & Expo in Las Vegas the availability of its merchant boarding solution.  Lexcel’s merchant boarding system enables processors to increase efficiency and improve speed to market, delivering greater service to their merchant customers. 

Traditionally, merchant boarding and acquisition has been cost-prohibitive and competitive. Each processor has their own unique message format, which they require for transaction processing. In order to convert successfully to a new processor, merchants must code to the new message format of their chosen processor. The merchant must also test the code to ensure it meets the specified requirements. The testing cycle involves many bottlenecks, which can slow merchant boarding and result in a decrease in profitability for the processor.

Lexcel's experience and involvement in merchant boarding and retention are leveraged in newly designed solutions that together support the boarding process. Lexcel’s merchant boarding system gives clients access to a test environment that reflects the processor’s environment very closely, so merchants can test at their convenience rather than scheduling time with a processor’s testing resources. The solution compresses the amount of time it takes a merchant to get their systems ready to come on board a processing platform, allowing processors to offer this system as a utility to merchants for improving speed to market. In delivering efficiencies for merchant boarding, Lexcel helps processors realize their revenue stream in the defined schedule and allocated time. Additionally, Lexcel offers a PCI compliant approach to the end-to-end testing process during merchant boarding.

“Merchant boarding is a complex process which requires expertise to execute in a timely manner,” said Carl Kubitz, president and chief executive officer of Lexcel.  “Lexcel understands the nuances of merchant boarding and offers processors solutions that increase speed to market and revenue. Pricing, certification to platform and testing are all areas where processors require assistance in merchant acquisition and retention. Understanding the process is costly and competitive, Lexcel delivers solutions that enable processors to differentiate themselves from their competition.”

CONTACT:
Joy Harper
For Lexcel Solutions
678.781.7208